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Shopify Inc. Class A subordinate voting shares SHOP

i

Market dataready · fetched 2026-11-07T01:51:47.561Z

Delta surfaceAlpaca · derived absolute-delta buckets · 2026-11-13

Calculation methodology

Options historyIV: ThetaData historical Greeks, equal-weight mean of call/put 50-delta IV across the next four listed Friday-cycle expirations, including holiday shifts verified against ThetaData’s market calendar. Missing inputs leave gaps. Skew: equal-weight mean of put minus call IV across those four expirations. IV-implied move history: mean of each expiration’s average call/put IV multiplied by the square root of remaining calendar days divided by 365.25; percentage of spot, not a quoted straddle premium.

History data

PriceAlpaca · sip · 2026-11-07T00:22:50.411820816Z

FundamentalsSEC EDGAR · ready · as of 2026-09-30 · fetched 2026-11-07T01:51:47.019683+00:00

Share price$148.75
1D+2.8%
AH$144$146$148$150$1525:30 AM6:30 AM9:00 AM1:00 PM2:00 PMSHOP
Sold putSold callAH

Shopify Inc. Class A subordinate voting shares options

Live interpolated SHOP call and put midpoint premiums by absolute delta.Shopify Inc. Class A subordinate voting shares$0.91$3.96$7.01$10.06$13.11$103.16$120.88$138.61$156.34$174.0720Δ25Δ30Δ35Δ40Δ45Δ50Δ55Δ60Δ65Δ70Δ75Δ80ΔOPTION PRICELive SHOP spot · $148.75SHOP PRICE$1.24$1.66$2.15$2.73$3.36$3.87$4.58$5.53$6.62$7.69$8.57$10.34$12.23$1.50$1.93$2.42$3.10$3.57$4.05$4.79$5.90$7.04$7.59$8.16$9.66$11.78
PutsCheap0.30×
CallsCheap0.66×
SkewBullish-2.99 pp
Implied moveBearish±$9.37
TiltBalanced0.6% PUT
Table
Values and derived Greeks for the plotted delta buckets
DeltaCallsPuts
Pseudo strikeIVB/E movePseudo strikeIVB/E move
20Δ159.3655.7%8.0%138.9262.5%7.6%
25Δ157.3656.2%6.9%141.2260.1%6.4%
30Δ155.6456.9%6.1%143.0959.0%5.4%
35Δ154.0558.2%5.4%144.6260.8%4.9%
40Δ152.5559.9%4.8%146.3358.0%4.0%
45Δ150.9058.0%4.0%147.8655.3%3.3%
50Δ149.3458.5%3.5%149.3155.4%2.8%
55Δ147.8160.9%3.1%150.9058.0%2.5%
60Δ146.1563.2%2.7%152.5460.0%2.2%
65Δ144.4363.9%2.3%153.7956.1%1.7%
70Δ142.8362.0%1.8%155.0552.4%1.3%
75Δ140.6265.4%1.5%156.9453.4%1.0%
80Δ138.2467.2%1.2%159.4155.9%0.8%

20Δ

Calls
Pseudo strike
159.36
IV
55.7%
B/E move
8.0%
Puts
Pseudo strike
138.92
IV
62.5%
B/E move
7.6%

25Δ

Calls
Pseudo strike
157.36
IV
56.2%
B/E move
6.9%
Puts
Pseudo strike
141.22
IV
60.1%
B/E move
6.4%

30Δ

Calls
Pseudo strike
155.64
IV
56.9%
B/E move
6.1%
Puts
Pseudo strike
143.09
IV
59.0%
B/E move
5.4%

35Δ

Calls
Pseudo strike
154.05
IV
58.2%
B/E move
5.4%
Puts
Pseudo strike
144.62
IV
60.8%
B/E move
4.9%

40Δ

Calls
Pseudo strike
152.55
IV
59.9%
B/E move
4.8%
Puts
Pseudo strike
146.33
IV
58.0%
B/E move
4.0%

45Δ

Calls
Pseudo strike
150.90
IV
58.0%
B/E move
4.0%
Puts
Pseudo strike
147.86
IV
55.3%
B/E move
3.3%

50Δ

Calls
Pseudo strike
149.34
IV
58.5%
B/E move
3.5%
Puts
Pseudo strike
149.31
IV
55.4%
B/E move
2.8%

55Δ

Calls
Pseudo strike
147.81
IV
60.9%
B/E move
3.1%
Puts
Pseudo strike
150.90
IV
58.0%
B/E move
2.5%

60Δ

Calls
Pseudo strike
146.15
IV
63.2%
B/E move
2.7%
Puts
Pseudo strike
152.54
IV
60.0%
B/E move
2.2%

65Δ

Calls
Pseudo strike
144.43
IV
63.9%
B/E move
2.3%
Puts
Pseudo strike
153.79
IV
56.1%
B/E move
1.7%

70Δ

Calls
Pseudo strike
142.83
IV
62.0%
B/E move
1.8%
Puts
Pseudo strike
155.05
IV
52.4%
B/E move
1.3%

75Δ

Calls
Pseudo strike
140.62
IV
65.4%
B/E move
1.5%
Puts
Pseudo strike
156.94
IV
53.4%
B/E move
1.0%

80Δ

Calls
Pseudo strike
138.24
IV
67.2%
B/E move
1.2%
Puts
Pseudo strike
159.41
IV
55.9%
B/E move
0.8%

Options history

IV · four-Friday blend96.14%
Daily close
SHOP37.2%68.8%100.5%2026-08-10: 48.40%2026-08-11: 46.20%2026-08-12: 44.45%2026-08-13: 47.00%2026-08-14: 41.56%2026-08-17: 45.23%2026-08-18: 45.22%2026-08-19: 44.36%2026-08-20: 45.54%2026-08-21: 42.80%2026-08-24: 47.81%2026-08-25: 46.77%2026-08-26: 44.71%2026-08-27: 44.71%2026-08-28: 42.49%2026-08-31: 44.61%2026-09-01: 45.69%2026-09-02: 44.08%2026-09-03: 47.33%2026-09-04: 49.10%2026-09-08: 52.71%2026-09-09: 54.52%2026-09-10: 51.84%2026-09-11: 45.35%2026-09-14: 51.08%2026-09-15: 51.58%2026-09-16: 51.78%2026-09-17: 46.59%2026-09-18: 43.16%2026-09-21: 54.77%2026-09-22: 55.45%2026-09-23: 57.65%2026-09-24: 58.42%2026-09-25: 53.15%2026-09-28: 57.13%2026-09-29: 58.09%2026-09-30: 54.91%2026-10-01: 51.98%2026-10-02: 47.70%2026-10-05: 51.88%2026-10-06: 50.17%2026-10-07: 50.20%2026-10-08: 49.48%2026-10-09: 52.37%2026-10-12: 56.64%2026-10-13: 57.26%2026-10-14: 58.94%2026-10-15: 62.29%2026-10-16: 68.68%2026-10-19: 68.48%2026-10-20: 70.24%2026-10-21: 70.70%2026-10-22: 74.25%2026-10-23: 74.47%2026-10-26: 77.34%2026-10-27: 79.54%2026-10-28: 83.46%2026-10-29: 86.96%2026-10-30: 96.14%Aug 10Sep 21Oct 30
59 observations2026-08-10 — 2026-10-30
Table
DateIV (%)
48.40%
46.20%
44.45%
47.00%
41.56%
45.23%
45.22%
44.36%
45.54%
42.80%
47.81%
46.77%
44.71%
44.71%
42.49%
44.61%
45.69%
44.08%
47.33%
49.10%
52.71%
54.52%
51.84%
45.35%
51.08%
51.58%
51.78%
46.59%
43.16%
54.77%
55.45%
57.65%
58.42%
53.15%
57.13%
58.09%
54.91%
51.98%
47.70%
51.88%
50.17%
50.20%
49.48%
52.37%
56.64%
57.26%
58.94%
62.29%
68.68%
68.48%
70.24%
70.70%
74.25%
74.47%
77.34%
79.54%
83.46%
86.96%
96.14%